Your assignment is to write paper defining compensation, compensation philosophy, and critical components of a compensation strategy.
Provide one solid example of an effective compensation practice/policy. Your paper will be graded on the following:
- Definition of compensation;
- Overview of compensation philosophy;
- Critical components of a compensation strategy; and
- Example of an effective compensation practice/policy.
Your paper should be prepared utilizing the APA format and should include external, academic-quality references.